The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

276. Surprise! It’s Delightful (And Drives Loyalty) (Refreshed Episode)

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

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The Importance of Customer Satisfaction

A 5% increase in loyalty can increase your profit by as much as 85%. This could be because loyal customers buy more stuff more frequently, or it could be because they talk about you a lot. A JD power study found that while only 45% of satisfied customers would tell others about a company, 61% of delighted customers say they will. The biggest issue is that there's no standard scale for measuring delight.

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